Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Auto

Will introduce a new vehicle every 6 months, says Kia Motors after Seltos SUV launch

Updated : June 20, 2019 09:59 PM IST

Kia Motors unveiled its compact SUV Seltos worldwide Thursday. The car, which the South Korean carmaker claims is specially designed for Indian roads, comes with a number of features such as a 360-degree camera, wireless charging, in-car WiFi, among others.

CNBC-TV18 spoke with Manohar Bhat, the Kia Motors' vice-president and head of sales and marketing to get the company's business outlook and goods and services tax (GST) expectations.

On the launch of the electric vehicle, he said: "Our production line is capable of making an electric vehicle right from day one. We have also got many best sellers electric vehicles running in the US, Europe and Korea, we have enough products also in the market.

"So it should not be any problem for us to get in electric vehicles. In India we are looking at the Seltos and after that every six months we plan to introduce a new vehicle."

On GST, Bhat said: "I do not think GST reduction would enthuse many manufacturers to produce vehicles in a hurry, the reason being infrastructure and consumer demand are paramount in this. As far as I can see the infrastructure is still lagging behind, so without that to introduce an electric vehicle immediately will not make sense to us."

 
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV